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Property profile & analytics
OFF-MARKET Estimated value $755,000
Retail space

2499 Bruce Rd Chico, CA 95928-7182

6,702 SF 0.55 ac lot Built 2005
Trust Owned 10-yr Hold ~ Est. High Equity
Property ID
US09-0386372
Property summary
AI-generated overview

This exceptional retail property at 2499 Bruce Road, Chico, CA 95928, presents a unique owner-user opportunity with potential rental income. The 6,702 square foot building, constructed in 2005, sits on a 0.55-acre lot at the high-traffic corner of Bruce Road and Skyway, boasting daily traffic counts exceeding 30,000 vehicles. The Class B, two-story building features high ceilings, multiple double doors, and is zoned for Restricted Commercial use (C-1). The property includes convenient access points for easy loading and unloading, enhancing customer flow. Upstairs space is adaptable for office use or an employee break room. Environmentally conscious design incorporates solar energy, offering potential cost savings. The building is divisible into approximately 4,100 or 6,702 square feet, providing flexibility for various business needs. Seller financing may be available for qualified buyers. This prime location, surrounded by planned development, offers significant potential for growth and profitability. The property's features, combined with its high visibility and convenient access, make it an ideal investment for a discerning business owner.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction WOOD
Total area 6,702 SF
Lot 0.55 ac (23,958 SF)
APN 002-210-027-000
UPID US09-0386372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Keith McBride - State Farm Insurance Agent Insurance Agency
  • Gold Star Web Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Skyway Tool Center, Chico (Bike/Boat/Book/etc) Store Building Supply
  • Maurice's Garage Door Repair Chico Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$947k
Blend (final) Blend
$755k
Owner & transaction history
Gillis Family Trust · 10 yrs held
Gillis Family Trust
since 2015
6 recorded transactions
2022
Price N/A
2015
Price N/A
2015
Price N/A
2004
Price N/A
2002
$160,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +32.5%
Industrial (general) $1.0M +14.2%
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